With or without savings or upfront deposit owning an investment property is easier than you would think.
Using your equity from another property without having to put any cash outlay, calculating the rent and tax deductions your will only be around $10Pw.
Rental Income is $290pw but the mortgage is only $274. Tax deductable depreciation of up to $6500 in first year. Ask us how
Figures showed are based on price plus costs of $4000 on 100% investment loan with interest only fixed for 3 years at 4.84%.
Disclaimer: all above recommendations are based on general information and is not based on your personal needs or financial situation. Conditions and Bank policies and bank fees will apply on individual bases. Please call us to arrange our finance broker to see if this fits your personal and financial needs.
The size of Pakenham is approximately 85.9 square kilometres. It has 124 parks covering nearly 5.8% of total area. The population of Pakenham in 2016 was 46421 people. By 2021 the population was 54118 showing a population growth of 16.6% in the area during that time. The predominant age group in Pakenham is 30-39 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation.In 2021, 65.00% of the homes in Pakenham were owner-occupied compared with 65.00% in 2016.
Pakenham has 27,827 properties. Over the last 5 years, Houses in Pakenham have seen a 27.62% increase in median value, while Units have seen a 21.84% increase. As at 31 March 2026:
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